1 West Park Drive, Derrimut

The property is located approximately 17 kilometres west of the Melbourne Central Business District in Derrimut. Situated on the corner of West Park Drive and Boundary Road, the property provides exceptional access and exposure to passing traffic whilst also being near the Deer Park Bypass and the Western Ring Road. The facility itself comprises 10,078 square metres of gross lettable area constructed in 2008, with canopy covering all roller shutter doors, full B-double compliant hardstand and 160 car parks. The entire premise is leased to Downer Group, a leading provider of integrated services.

Summary1
Ownership interest 100%
Title Freehold
Book Value $10,575,000
Independent valuation metrics
Valuer CBRE
Valuation date 31 July 2018
Capitalisation rate 6.75%
Property statistics1
NLA (sqm) 10,078
Site area (sqm) 21,580
Occupancy (by area) 100%
WALE (years, by area) 4.6
Completion date August 2008
Age (years) 10
  1. As at 31 July 2018.